<PAGE> 1
AMSOUTH MUTUAL FUNDS
MONEY MARKET FUNDS
CLASSIC SHARES AND CLASS B SHARES
SUPPLEMENT DATED OCTOBER 1, 1998 TO
PROSPECTUS DATED DECEMBER 1, 1997
Capitalized terms used in this Supplement and not defined have the meaning
assigned to them in the Prospectus.
The following investors qualify to purchase a Money Market Fund's Premier
Shares: (i) investors for whom AmSouth acts in a fiduciary, advisory, custodial,
agency or similar capacity through an account with its Trust Department; (ii)
investors who purchase Shares of a Money Market Fund through a 401(k) plan or a
403(b) plan which by its terms permits purchases of Shares; (iii) orders placed
on behalf of other investment companies distributed by the Distributor and its
affiliated companies; and (iv) investors who purchase through financial
institutions approved by the Distributor. All other investors are eligible to
purchase only Classic Shares of the Money Market Funds.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT
WITH THE PROSPECTUS FOR FUTURE REFERENCE
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AMSOUTH MUTUAL FUNDS
PREMIER SHARES
SUPPLEMENT DATED OCTOBER 1, 1998 TO
PROSPECTUS DATED DECEMBER 1, 1997
Capitalized terms used in this Supplement and not defined have the meaning
assigned to them in the Prospectus.
The following investors qualify to purchase Premier Shares: (i) investors
for whom AmSouth acts in a fiduciary, advisory, custodial, agency or similar
capacity through an account with its Trust Department; (ii) investors who
purchase Shares of a Fund through a 401(k) plan or a 403(b) plan which by its
terms permits purchases of Shares; (iii) orders placed on behalf of other
investment companies distributed by the Distributor and its affiliated
companies; and (iv) investors who purchase through financial institutions
approved by the Distributor. All other investors are eligible to purchase
Classic Shares or Class B Shares only.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT
WITH THE PROSPECTUS FOR FUTURE REFERENCE
<PAGE> 3
AMSOUTH MUTUAL FUNDS
INCOME FUNDS
SUPPLEMENT DATED OCTOBER 1, 1998 TO
PROSPECTUS DATED DECEMBER 1, 1997
Capitalized terms used in this Supplement and not defined have the meaning
assigned to them in the Prospectus.
The following investors qualify to purchase Premier Shares: (i) investors
for whom AmSouth acts in a fiduciary, advisory, custodial, agency or similar
capacity through an account with its Trust Department; (ii) investors who
purchase Shares of a Fund through a 401(k) plan or a 403(b) plan which by its
terms permits purchases of Shares; (iii) orders placed on behalf of other
investment companies distributed by the Distributor and its affiliated
companies; and (iv) investors who purchase through financial institutions
approved by the Distributor. All other investors are eligible to purchase
Classic Shares or Class B Shares only.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT
WITH THE PROSPECTUS FOR FUTURE REFERENCE
<PAGE> 4
AMSOUTH MUTUAL FUNDS
CAPITAL APPRECIATION FUNDS
CLASSIC SHARES AND CLASS B SHARES
SUPPLEMENT DATED OCTOBER 1, 1998 TO
PROSPECTUS DATED DECEMBER 1, 1997, AS REVISED SEPTEMBER 1, 1998
Capitalized terms used in this Supplement and not defined have the meaning
assigned to them in the Prospectus.
The following investors qualify to purchase Premier Shares: (i) investors
for whom AmSouth acts in a fiduciary, advisory, custodial, agency or similar
capacity through an account with its Trust Department; (ii) investors who
purchase Shares of a Fund through a 401(k) plan or a 403(b) plan which by its
terms permits purchases of Shares; (iii) orders placed on behalf of other
investment companies distributed by the Distributor and its affiliated
companies; and (iv) investors who purchase through financial institutions
approved by the Distributor. All other investors are eligible to purchase
Classic Shares and Class B Shares only.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT
WITH THE PROSPECTUS FOR FUTURE REFERENCE
